Trend Table for WAX - WAM Research Limited

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 13	F	Weak or Absent	Down	Down	Flat	25.50%
Dec 12	F	Weak or Absent	Down	Down	Flat	25.50%
Dec 11	F	Weak or Absent	Down	Down	Down	26.13%
Dec 8	F	Weak or Absent	Down	Down	Down	26.13%
Dec 7	F	Weak or Absent	Down	Down	Down	26.78%
Dec 6	F	Weak or Absent	Down	Down	Down	25.50%
Dec 5	D	Weak or Absent	Down	Down	Down	24.86%
Dec 4	D	Weak or Absent	Down	Down	Flat	24.24%
Dec 1	D	Weak or Absent	Down	Down	Flat	24.24%
Nov 30	F	Strong	Down	Down	Down	25.50%